Datiware Maritime Infra Ltd (519413)
🎯 Key Takeaways
- Datiware Maritime Infra Ltd appears to be in a pre-revenue or near-zero revenue phase, likely in early-stage project development or awaiting contract execution in the shipbuilding services sector. The company has consistently reported minimal or no revenue over recent quarters, with financial performance dominated by operational losses and negative cash flows.
- Revenue grew 0% QoQ to ₹0 in Q1FY27.
- ⚠️ 1) Persistent lack of revenue generation over multiple quarters raises concerns about business model viability. 2) Escalating operating losses without
📖 The Story
Datiware Maritime Infra Ltd appears to be in a pre-revenue or near-zero revenue phase, likely in early-stage project development or awaiting contract execution in the shipbuilding services sector. The company has consistently reported minimal or no revenue over recent quarters, with financial performance dominated by operational losses and negative cash flows. Its financial trajectory suggests a development-stage entity with limited commercial traction to date.
📰 What's Happening
Management has not disclosed any new project wins or order book updates in the latest filings. There have been no announcements of capacity expansion, joint ventures, or strategic partnerships in recent quarters. The company continues to operate with a very small balance sheet, and there is no evidence of revenue generation from core shipbuilding or maritime infrastructure activities as of Q1FY27.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | 0 | 0 | 0 | -0 |
| OPM % | -150.0% | 68.8% | 9.1% | 0.0% | -50.0% |
| Net Profit | -0 | -0 | -0 | -0 | -0 |
| EPS | ₹-0.38 | ₹-0.05 | ₹-0.23 | ₹-0.25 | ₹-0.09 |
The company has transitioned from positive operating performance in Dec 2025 (OPM of 9.1%) to significant losses by Jun 2026 (OPM of -150%), indicating rising operational costs without corresponding revenue. This deterioration aligns with the absence of disclosed revenue in recent quarters, suggesting challenges in converting early-stage activities into billable projects. The widening losses raise concerns about capital efficiency during the development phase.
🔮 Management Outlook & What's Next
There is no available forward guidance or explicit commentary from management in the provided filing extracts regarding future revenue targets, project timelines, or commercial milestones. The company has not provided updates on project pipelines or expected cash flow inflection points in the latest disclosures.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2026 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 |
| Reserves | -7 | -8 | -8 | -8 |
| Borrowings | 9 | 9 | 9 | 9 |
| Total Liabilities | 7 | 7 | 6 | 7 |
| Fixed Assets | 5 | 5 | 5 | 5 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 7 | 7 | 6 | 7 |
The balance sheet reflects a capital-light structure with negligible equity and reserves, offset by modest borrowings. Total assets remain extremely low (₹6–7 crore), consistent with minimal operational activity. There is no indication of aggressive investment or asset buildup, suggesting current funding is limited and likely sustained through promoter support or small-scale financing.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +0 |
| Investing | 0 |
| Financing | -0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 75.0% | 75.0% | 75.0% | 75.0% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 4.8% | 4.8% | 4.8% | 4.8% |
| Public | 18.3% | 18.3% | 18.3% | 18.3% |
| # Shareholders | 1,267 | 1,266 | 1,263 | 1,268 |
Promoter holding remains stable at 75%, with no signs of dilution or pledging disclosed. Foreign institutional ownership is zero, while domestic institutional (DII) and public shareholders maintain small but stable stakes. The shareholder base is highly concentrated, with minimal churn across quarters, indicating limited market interest or scrutiny to date.
⚖️ Peer Comparison — Ship Building
⚠️ Risk Factors
1) Persistent lack of revenue generation over multiple quarters raises concerns about business model viability. 2) Escalating operating losses without cost control measures or revenue visibility could strain limited financial resources. 3) Minimal institutional interest and low trading liquidity may lead to high volatility if market sentiment shifts. 4) The company operates with negative net worth (reserves negative), signaling cumulative accounting losses that could impair long-term sustainability.
📋 Recent Filings
-
🔴 annual report 31 August 2026Datiware Maritime Infra Limited reported a net loss of **₹45.60 crores** for FY 2025-26, up slightly from **₹45.58 crores** in the prior year, driven ...
-
🟡 Board Meeting 31 August 2026Datiware Maritime Infra Ltd announces its 34th AGM on September 24, 2026, via video conferencing, featuring resolutions to adopt FY2026 financials, ap...
-
🟡 Board Meeting 31 August 2026Datiware Maritime Infra Limited announced remote e-voting for its 34th Annual General Meeting scheduled on 24 September 2026 at 1:00 PM via video conf...
🧠 Analyst's Read
Datiware Maritime Infra is currently in a high-risk, pre-revenue development phase with no clear timeline for commercialization. Investors should monitor for early signs of contract awards, revenue recognition, or balance sheet strengthening. Until operational traction is demonstrated, the company remains speculative with limited margin of safety.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-17.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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